No. of Recommendations: 5
did you actually watch this video yourself?
maybe its me, but i found baskin here quite the opposite of promotional, and highly skeptical of everything brookfield claims, specifically plan value, real estate, and growth rate.
baskin dont go into the methodology by which they apply a discount to BN, nor what the fair value may be, but are not hiding that they think its far above the share price.
baskin said a few things very similar to the Vltava fund, one that is deep in the cult of berkshire as a longtime holder.
recent Vltava comments regarding their first ever investment into brookfield previously had...
"...come down to our not being able to determine an intrinsic value for the stock in a way that we were satisfied with.
That changed the year before last, when BN reorganised the structure of its business and its subsidiaries a bit, and we were able to find a relatively simple but at the same time conservative way to value the shares.
BN's ...latest estimate speaks of USD 84 per share. We find this number overly optimistic. We think management is assigning overly generous valuation multiples to the various parts of BN. Our own value estimate is significantly lower, but at the same time, still much higher than the price at which we started buying BN (USD 41.50). Nevertheless, we do agree with BN management on one point. Their estimate of long-term shareholder valuegrowth of 15% per year is the same as our estimate."
No. of Recommendations: 3
My post was certainly off...based on Ernest and Barry's X posts...and I did post it pre watching. Yes you are correct.
Their Twitter/X commentary is exceptionally promotional and the video was not at all so.
